A multidisciplinary and -national team of Ghanaian and Danish researchers engage in a three year research project financed by the Danish Ministry of Foreign Affairs in order to address the question how communication, gender, and sustainability affect the cluster performance of the Port of Tema in Ghana. We approach the question from different angles ranging from quantitative survey datat to longitudinal anthropological observations and qualitative multilayered interviews with port workers, politicians, port officials, domestic and foreign investors, and representatives from the surrounding communities.
As ocean space increasingly is used for production purposes, such as for the production of food and feed, renewable energy and resource mining, competition for space becomes a concern. A spatial solution to this is to co-locate activities in a multi-use setting. Next to the direct (financial) costs and benefits of multi-use and the societal cost and benefits, there are other factors, in the realm of legal aspects, insurance, health and safety issues and the overall governance of multi-use, that determine whether multi-use can be implemented successfully. This includes transaction costs that arise when for example non-adequate regulation, governance and insurance schemes are in place. Based on the analysis of five case studies across Europe these combined/collective transaction costs of multi-use are analysed and suggestions how to reduce and/or overcome these transaction costs are presented.
The Nordic countries are ranked among the most gender equal countries worldwide. Equality, political, and civil rights, leading to the high participation of women in the workforce, have paved the way for this egalitarian view. However, women remain the minority in managerial positions in general, and they are also strongly underrepresented in many male‐dominated sectors of the blue economy. The aim of this article is to introduce and discuss gender equality in the blue economy, and to assess the status of gender research in the Nordic context. To achieve this, a purposive interdisciplinary literature review resulted in three encompassing themes on how women’s participation is hindered, overlooked, and undervalued. Using these themes as an analytical lens, we propose that the underlying mechanisms are similar within fisheries, aquaculture, and maritime transportation in how they affect women’s participation. Still, there is a lack of statistics and research within parts of the blue sector. To move forward, there needs to be a shift in focus from policy to practice. One starting point could be to implement current knowledge, e.g., regarding workplace design and tailoring equipment to fit a diverse workforce. We call for scaling up best practices and evaluating policy performance and effectiveness. These are prerequisites for sustainable recruitment and retention of the blue sector workforce and the only way forward for countries aspiring to be truly gender equal.
Shore power is an important green technology used by ports to reduce carbon emissions. This paper investigates how to design subsidy strategy for promoting the installation and utilization of shore power. However, while installation subsidies may promote the installation of SPI in ports, resulting in a reduction in ship emissions, utilization subsidies may attract more ship visits, which may increase the total emissions of a port. Therefore, subsidies for shore power utilization and installation should be optimized to minimize the cost to government (comprising the environmental costs of ship emissions, the cost of utilization or installation subsidies, and carbon taxes) and maximize the profit for ports (including profit from original and new ships, utilization and installation subsidies, and carbon taxes). Using the Stackelberg game methodology, we discuss five cases to give a comprehensive analysis of the design of different subsidy policies, including no subsidy, SPI-utilization subsidy undertaken by port, SPI-utilization subsidy undertaken by port and government, carbon emission tax policy considering SPI-utilization subsidy, and SPI-utilization and SPI-installation subsidies undertaken by port and government. Managerial insights are generated according to the theoretical analysis and numerical experiments results, which can give references to the government and port operators.
This study investigates how the recognition and exploitation of entrepreneurial opportunities influence small business performance via interactions with firm-level innovation capability and learning orientation. We frame the study within the maritime-sector context and seek to contribute to the understanding of how the interplay between opportunity recognition, exploitation, innovation capability and learning orientation affects the entrepreneurial performance of local businesses when there is a technological policy change. The study further frames its arguments from a dynamic capability perspective and tests its arguments with data from 284 local businesses operating in the Port of Tema. Findings reveal that opportunity exploitation and learning orientation as well as their interplay have a positive and significant effect on entrepreneurial performance. The study consequently presents local micro-entrepreneurial reactions to macro-level policy changes within the maritime sector – an issue that has largely remained uninvestigated in the African business literature due to maritime blindness.
This scientific study aims to compare the significance of onboard positioning of two different classes of wind propulsion systems for retrofit installations to maximize fuel and emissions savings. The study focuses on comparing the performance a low lift-to-drag ratio wind propulsion system, the Rotor Sail, and a high lift-to-drag ratio one, the DynaRig, installed at different places on a real 84000 DWT bulk carrier ship to identify the most efficient placement of these two distinct systems to achieve maximum fuel efficiency. The investigation involves a comprehensive analysis of available deck spaces, and performance prediction program modeling is employed to estimate potential fuel savings for a typical route followed by the vessel. The results show that placing the WPS far forward, close to the hydrodynamic centre of lateral resistance, results in overall higher savings. Both WPS classes see a penalty when placed far from the hydrodynamic centre of lateral resistance, reducing their overall savings potential. However, Rotor Sails are more adversely affected due to their enhanced side force generation per unit thrust. Consequently, the placement of Rotor Sails becomes crucial, especially under upwind conditions, while DynaRigs prove more versatile for installations in the aft. This research provides valuable insights into enhancing the ship's energy efficiency and reducing its environmental impact in the maritime industry.
Uncertainties on the global availability and affordability of alternative marine fuels are stalling the shipping sector’s decarbonization course. Several candidate measures are being discussed at the International Maritime Organization, including market-based measures (MBMs) and environmental policies such as carbon taxes and emissions trading systems, as means to decarbonize. Their implementation increases the cost of fossil fuel consumption and provides fiscal incentives to shipping stakeholders to reduce their greenhouse gas emissions reductions. MBMs can bridge the price gap between alternative and conventional fuels and generate revenues for funding the up-scaling of alternative fuels’ production, storage and distribution facilities and, thus, enhance their availability. By estimating the fuels’ implementation and operational costs and carbon abatement potential, this study calculates marginal abatement costs and estimates the level of carbon pricing needed to render investments into alternative fuels cost-effective. The results can assist policymakers in establishing robust and effective maritime decarbonization policies.
Purpose: In the shipping industry, both sales and purchases of second-hand ships and freight transport services are prevalently tailor-made and traded with intense bilateral negotiations. Price bargaining is the key step of this negotiation process and plays a crucial role in determining mutually agreed prices. Despite its cruciality and applicability, the price bargaining has yet received due conceptual and/or theoretical attention in the shipping literature. This paper attempts to conceptually examine the role of bargaining in shipping transaction prices and subsequently puts forward directions for future research. In doing so, the paper focuses on two types of transactions taking place in shipping markets: asset market trading of second-hand vessels and service market trading shipping freights.
Design/methodology/approach: The paper begins with a systematic literature review of price bargaining in the field of economics and management disciplines from a game-theoretic perspective. This approach does logically lead to the establishment of a conceptual framework for price bargaining in shipping sub-markets as a step toward having taken into consideration a variety of heterogeneities commonly present in trading activities and market dynamics.
Findings: A set of research areas has been consequently identified where price bargaining and mechanisms for the shipping freight and asset markets could be further explored and analyzed in a way to make better pricing decisions under a more tangible framework.
Research limitations/implications: One of the critical challenges when using bargaining mechanisms to make a decision on pricing shipping services and assets is how to operationalize the study for empirical investigation as some of the factors are internal information of the players and are not adequately revealed to externals: that is, an imperfect information sharing case. The current study aims, however, not to conduct an empirical analysis but to initiate a conversation among maritime economists by bringing their attention to this not-yet fully explored and potentially impactful field of research and by asking them to treat bargaining from a perspective for pricing shipping assets and services. It is claimed that, by doing so, one could better understand price differences between individual contracts.
Originality/value: This study would be considered the first in its kind to provide a detailed survey of the bargaining theory and models from a game theoretical perspective as a theoretical lens to understand its importance and relevance in pricing shipping assets and services. It also provides a simplified operational case on utilizing bargaining in practically pricing freight services.
This PhD thesis examines the role of market-based measures (MBMs) in incentivizing international shipping greenhouse gas (GHG) emissions reductions to leverage the decarbonization efforts of the International Maritime Organization (IMO). The research motivation sprang from the Initial IMO Strategy, which, among other climate ambitions, envisages at least a 50% curb of GHG emissions until 2050 vis-a-vis 2008 levels. The regulatory framework involves several candidate measures, including MBMs, i.e., environmental policies like carbon taxes and emissions trading systems (ETS) that enforce the "polluter-pays" principle, and thus provide fiscal incentives to stakeholders to eliminate their carbon footprint.
The assessment of MBMs as means of decarbonizing shipping is based on three main pillars: their economic efficiency, their environmental effectiveness, and their climate policy design. Compliance with carbon pricing regimes can entail the adoption of both operational measures, such as speed reduction, route reconfiguration, or voyage optimization techniques, and technological measures like the uptake of zero-carbon technologies and alternative marine fuels. Due to this wide range of conformity practices, this thesis assesses several short- and long-term responses to MBMs in order to encapsulate their cost effectiveness in relation to their carbon abatement potential.
From a climate policy design perspective, the two most prominent types of MBMs are the carbon taxes, a fixed-price approach that provides carbon price certainty, and the ETSs, a fixedquantity system that secures that GHG emissions levels are met. At first, the study evaluates the prospects of a carbon levy to achieve GHG emissions reductions by analyzing the macroeconomic effects of freight rates and fuel prices in inducing slow steaming as an operational response to the MBM. The results show that market conditions influence the overall effectiveness of a tax and that the attained reductions, although significant, are insufficient to reach the 50% decarbonization targets. Moreover, considering the imminent inclusion of the maritime sector into the EU ETS, the thesis examines the scenario of liner shipping operators opting for route reconfigurations as an operational response to a regional ETS. The outputs reveal that replacing EU ports with nearby non-EU competitor ports becomes cost-effective for minimal EU carbon prices. The action would result in carbon leakage, EU ETS evasion, loss of EU ETS revenue, and penalization of the EU ports.
To the extent that MBMs induce technological changes, this thesis evaluates the level of carbon pricing needed to close the price gap between alternative and conventional marine fuels. The analysis considers the capital and operational costs for implementing and utilizing alternative marine fuels onboard and develops their marginal abatement cost curves (MACCs) to evaluate their cost-competitiveness and carbon abatement spectrum. The analysis indicates that to reach full maritime decarbonization, fuels such as green liquid hydrogen and their supporting technology, as of today’s cost estimations, would require a carbon price of up to 700 USD/MT CO2e to become cost-competitive.
The thesis concludes that accounting for a well-to-wake scope of emissions will create the right
incentives for developing sustainable alternative marine fuel production pathways to facilitate
shipping’s future energy demand. Revenues from MBMs will be substantial and can accelerate
R&D, scale-up the availability of alternative fuels, subsidize "fist-movers" and green ships and
reverse possible detrimental effects of carbon pricing to developing countries such as the Least
Developed Countries (LDCs) and the Small Island Developing States (SIDS).
The world is witnessing a growth in economic nationalism, especially in countries like the United States and United Kingdom, where this would scarcely have been predicted a few years ago. These developments threaten the internationalization of services and gains made through various global trading arrangements. Moreover, there are concerns that the COVID-19 pandemic will further undermine supranational forms of governance and nurture the trend towards protectionism and economic nationalism. We undertake a systemic literature review on economic nationalism and services internationalization to identify research themes. The findings of the study have implications for policymakers, and we provide directions for future research.